Aftab, Ashar and Baiocchi, Giovanni and Hanley, Nick (2009) 'Integrated regulation of nonpoint pollution : combining managerial controls and economic instruments under multiple environmental targets.', Working Paper. Durham University, Durham.
Regulators are often reluctant to rely solely on economic incentives to achieveenvironmental standards. We evaluate a "mixed approach" of economic instruments andmanagement standards when two environmental objectives need to be met simultaneously:minimum river flow rates and reductions in nitrate pollution. We show how the relativeefficiency of such mixed approaches can depend on exogenous factors, in this case weatherconditions. Results indicate that mixed instruments outperform stand-alone economicincentives or managerial controls under wet weather conditions, but not in 'average' years.However, the relative cost-effectiveness of mixed approaches increases considerably at higher levels of environmental standard compliance.
|Item Type:||Monograph (Working Paper)|
|Keywords:||Diffuse water pollution, Environmental regulation, Minimum river flow, Mixed instruments, Nonpoint pollution.|
|Full text:||(VoR) Version of Record|
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|Publisher Web site:||http://www.dur.ac.uk/business/faculty/working-papers/|
|Record Created:||07 Dec 2012 10:37|
|Last Modified:||16 Oct 2013 13:31|
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